DOL Oxychem limited short term analysis 5th APR. 2021

Rebound Insight

Our Pivot: 24.40

Our Preference: Start buying DOL from current price and average it out till 25.20 with strict stop loss of 22.40 and profit target at 27.50 with extension towards 28.20

Alternate Scenario: Downward penetration of 24.40 will call for 23.00 and 21.50

NOTE: DOL is being caged in a descending wedge on hourly chart at its 61.8% correction and a sharp pull back would be witnessed if it would succeed in giving a breakout of this wedge in upward direction.

Chart with supports & resistances: